NGM: another step to strengthen the Hungarian dairy sector

By: Trademagazin Date: 2025. 11. 28. 11:32

🎧 Hallgasd a cikket: Nyelv: Sebesség: 1.05×

The government is taking another step to strengthen the Hungarian dairy sector: in addition to the 50 billion forint credit line previously allocated to the domestic dairy sector, it has been decided that semi-hard cheeses will not fall under the scope of the margin reduction, the Ministry of National Economy (NGM) told MTI on Saturday.

In their statement, they wrote that the development and strengthening of the food industry, including the dairy sector, is a top priority, which ensures the full supply of high-quality, affordable food to the Hungarian population.

The European dairy and However, significant surpluses have arisen in the dairy market in recent times, which poses an increasing challenge for Hungarian dairy processing companies.

– they noted.

They added that in order to assess and effectively manage the situation, the government, including the Ministry of Agriculture, actively negotiated with the sectoral actors and the Milk Product Council. In order to help the financing situation, the government decided as a first step to provide them with a separate credit line of 50 billion forints in the Demján Sándor Program, through Eximbank. Working capital loans will be available to dairy processing companies at favorable interest rates, in euros and forints, they reminded.

The ministry announced:

In view of the special market situation, the government has also decided that, accepting the request of industry players, semi-hard cheeses will not fall under the scope of the margin reduction.

The margin reduction will still ensure effective action against price increases, and the public can continue to access dairy products such as milk, sour cream or Trappist cheese at favorable prices, the statement reads.